Pension Accountability Act2015-11-18T09:46:23Z2015-11-17Labor and EmploymentEmployee benefits and pensions1112162016-03-23Health, Employment, Labor, and Pensions Subcommitteehsed021House committee actionsReferred to the Subcommittee on Health, Employment, Labor, and Pensions.CommitteeH11100IntroReferral2House floor actions2015-11-17Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.Ways and Means Committeehswm00H11100-AIntroReferral9Library of Congress2015-11-17Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.H11100IntroReferral2House floor actions2015-11-17Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.Education and the Workforce Committeehsed00Intro-HIntroReferral9Library of Congress2015-11-17Introduced in House1000IntroReferral9Library of Congress2015-11-17Introduced in HouseHR2018-08-13T19:58:12ZOHRJ000295Rep. Joyce, David P. [R-OH-14]JoyceJ000295215414DavidP.Labor and Employment2016-03-23Referred to the Subcommittee on Health, Employment, Labor, and Pensions.4029R0005772015-11-1713RYANR00057717568107Rep. Ryan, Tim [D-OH-13]TIMOHDTrueK0000092015-11-199KAPTUR616K0000098099Rep. Kaptur, Marcy [D-OH-9]MARCYOHDFalseK0003802015-11-195KildeeT.K0003802134Rep. Kildee, Daniel T. [D-MI-5]DanielMIDFalseJ0002922015-11-196JohnsonJ00029280962046Rep. Johnson, Bill [R-OH-6]BillOHRFalseS0011572015-11-3013Scott17227910S001157Rep. Scott, David [D-GA-13]DavidGADFalseB0012272015-12-011BRADYA.14698119B001227Rep. Brady, Robert A. [D-PA-1]ROBERTPADFalseG0005592015-12-013GaramendiG00055978151973Rep. Garamendi, John [D-CA-3]JohnCADFalseA0003732015-12-082Ashford2257A000373Rep. Ashford, Brad [D-NE-2]BradNEDFalseF0004492015-12-081Fortenberry17938038F000449Rep. Fortenberry, Jeff [R-NE-1]JeffNERFalseD0006242015-12-1812Dingell2251D000624Rep. Dingell, Debbie [D-MI-12]DebbieMIDFalseG0005682016-02-099GriffithMorganG00056820708200Rep. Griffith, H. Morgan [R-VA-9]H.VARFalseC0010682016-02-099CohenC00106881561878Rep. Cohen, Steve [D-TN-9]SteveTNDFalseY0000662016-04-263YoungY0000662242Rep. Young, David [R-IA-3]DavidIARFalseA0003712016-04-2631Aguilar2229A000371Rep. Aguilar, Pete [D-CA-31]PeteCADFalse114Pension Accountability ActShort Titles as IntroducedTo amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 with respect to participant votes on the suspension of benefits under multiemployer plans in critical and declining status.Official Title as IntroducedPension Accountability ActDisplay TitlePension Accountability ActCRSIdentical bill2015-10-07Read twice and referred to the Committee on Health, Education, Labor, and Pensions.S2147114Introduced in House2015-11-17T05:00:00Z2015-11-172016-01-07T21:34:48ZPension Accountability Act

This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to revise rules for voting on the suspension of pension benefits under multiemployer plans in endangered or critical status. The bill changes the voting procedure for suspending plan benefits to provide that a suspension shall go into effect unless a majority of plan participants and beneficiaries who cast a vote (currently, a majority of all plan participants and beneficiaries) reject the suspension. The bill also eliminates the authority of the Department of the Treasury, in the case of systemically important plans, to override a vote of plan participants to reject a suspension. A plan is systemically important if projected financial assistance to the plan will exceed $1 billion if suspensions are not implemented.

]]>00Introduced in House[Congressional Record Volume 161, Number 169 (Tuesday, November 17, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. JOYCE:H.R. 4029.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3The Congress shall have Power * * * To regulate Commercewith foreign Nations, and among the several States, and withthe Indian Tribes.[Page H8280]]]>HouseHealth, Employment, Labor, and Pensions SubcommitteeReferred to2016-03-23T21:27:07Zhsed02Househsed00Referred to2015-11-17T15:01:25ZEducation and the Workforce CommitteeStandingHousehswm00Referred to2015-11-17T15:01:30ZWays and Means CommitteeStanding1.0.0text/xmlENPursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.Congressional Research Service, Library of CongressThis file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.